The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Schwab U.S. Aggregate Bond ETF (SCHZ) pays a $0.96 annual dividend ($0.08 monthly), yielding 4.27% at $22.42/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.27%
Annual Dividend: $0.96 per share
Ex-Dividend Date: 2026-09-01
Dividend Frequency: monthly
Sector: Financial Services
Years of Dividend History: 16
Schwab U.S. Aggregate Bond ETF dividend comes from a fund that holds U.S. dollar-denominated investment-grade bonds, including Treasuries, corporate bonds, and mortgage-backed securities, tracking the Bloomberg US Aggregate Bond Index. The fund pays $0.9573 per share annually on a monthly schedule, with the next ex-dividend date on September 1, 2026. SCHZ currently yields 4.27%, placing it in high-yield territory for a broad bond fund. That yield, paired with a beta of 0.99, makes SCHZ a fit for income-focused investors who want monthly cash flow from investment-grade fixed income.
Schwab U.S. Aggregate Bond ETF pays out dividends as a pass-through of interest income from its bond holdings, making a traditional payout ratio not applicable (fund/ETF). Schwab U.S. Aggregate Bond ETF dividend safety is directly tied to the interest income generated by its portfolio of investment-grade Treasuries, government-related bonds, corporate bonds, and asset-backed securities. The primary pressure on the payout is interest rate movement: when rates fall, reinvested bond income declines, which has historically pushed the annual distribution lower, as seen in 2020 and 2021.
Schwab U.S. Aggregate Bond ETF dividend history shows a CAGR of 4.5% per year from 2012 to 2025. Per-share payments grew from $0.5326 in 2012 to $0.9465 in 2025 (2026 is a partial year and excluded from the growth calculation). The history also contains at least one year-over-year decline exceeding 5%, reflecting how interest rate cycles directly shape the fund's distributions rather than a company's dividend policy.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +16.4% | $0.60 (2022) | $0.95 (2025) |
| 5-Year | +6.8% | $0.68 (2020) | $0.95 (2025) |
| 10-Year | +5.7% | $0.54 (2015) | $0.95 (2025) |
SCHZ fits income-focused investors who want monthly distributions from a broad, investment-grade U.S. bond portfolio. The current yield of 4.27% is classified as high (above 4%) and sits well above the fund's own 5-year average yield of 3.38%, meaning today's income level is elevated relative to recent norms. Four consecutive years of dividend increases add a degree of momentum, but the history shows distributions can and do fall when interest rates decline. The trade-off is straightforward: investors get a high current yield from a diversified fixed-income fund, but the payout is rate-sensitive, not structurally growing like a company that raises its dividend by policy.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $0.0766 |
| 2026-08-03 | $0.0880 |
| 2026-07-01 | $0.0800 |
| 2026-06-01 | $0.0809 |
| 2026-05-01 | $0.0787 |
| 2026-04-01 | $0.0785 |
| 2026-03-02 | $0.0772 |
| 2026-02-02 | $0.0850 |
| 2025-12-19 | $0.0770 |
| 2025-12-01 | $0.0735 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.6449 |
| 2025 | $0.9465 |
| 2024 | $0.8994 |
| 2023 | $0.7647 |
| 2022 | $0.5998 |
Project income from SCHZ with the SCHZ dividend calculator or track your full portfolio with the dividend tracker.